Sky News Business Reporter Edward Boyd says there’s speculation that the Reserve Bank of Australia may of “done enough” with interest rates.
Mr Boyd’s remarks come after it was revealed consumer confidence plunged to its lowest
level since April 2020 following the RBA’s 10th consecutive interest rate hike.Read More
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Australia has taken the ‘nuclear’ emphasis out of AUKUSAustralia has taken the “nuclear” emphasis out of the AUKUS deal after it has expressed the nuclear-powered subs does not mean nuclear weapons, says Sky News Washington Correspondent Annelise Nielsen. “The very clear message that these are nuclear-propulsion submarines – they will not be armed with nukes,” Ms Nielsen told Sky News Australia. “The nuclear load not being created within Australia – that's quite significant when it comes to our nuclear non-proliferation agreements.”
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Oscar finalists could win a slice of AustraliaAcademy Award attendees will be gifted ‘goodie bags’ valued at $US120,000, with contents ranging from the $400 Oscars statue itself to $60,000 worth of cosmetics and a slice of land in Australia. The unofficial Oscars bag backed by the Australian government awards Hollywood’s elite with one square metre of land in the Queensland outback. Founder of Believe Advertising and PR Adrian Falk told Sky News Australia the bag holds pieces of Australia. “Finalists will be gifted a few square metres of Australia which may be enough for Steven Spielberg to throw a few shrimp on the barbie,' he said.
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China won’t ‘lose any sleep’ over AUKUS submarinesAustralia acquiring nuclear submarines through the AUKUS agreement won’t cause China to “lose any sleep”, according to Curtin University Political Analyst Professor Joe Siracusa. He said Australia becomes more of a “nuclear target” with AUKUS. “I have heard Chinese officials say that Australia is now in the nuclear zone,” he told Sky News Australia.
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Mid-century masterpieces: Robin Boyd time warp homes hit the marketTwo famous mid-century houses on Melbourne’s fringe have hit the market near Bacchus Marsh, and buyers are already lining up to see through the masterpieces designed by renowned architect Robin Boyd.
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Biden came out ‘on the front foot’ to reassure Americans after two banks collapsedSky News Business Reporter Edward Boyd says US President Joe Biden came out on the front foot to reassure Americans there’s no need to get too concerned over the collapse of two banks. “Obviously, if you’ve invested money in those two banks that collapsed, SVB and Signature Bank, then you have lost your money from your shares, so that’s tough luck for you,” Mr Boyd said. “But anyone that actually has money in the bank accounts for those banks is being guaranteed. “So, that was the positive message from Biden this morning.”
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Government won’t announce dollar figure for AUKUS submarinesSky News Australia can reveal that the Albanese government will not be announcing a dollar figure for the 30-year AUKUS nuclear submarines deal. The submarines will cost over 0.1 per cent of Australia’s GDP every year for 30 years. “It is going to be in the hundreds of billions of dollars, over $200 billion, but they are not going to specify a number in terms of the overall cost,” Sky News Chief News Achor Kieren Gilbert said. “It will be characterised as a percentage of GDP and somewhere over 0.1 per cent.” The short term costs will be detailed by Treasurer Jim Chalmers in the forward estimates, along with a price range for the medium term over 10 years.
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